UK: Tesco "in talks to sell GBP400m property portfolio"
UK retail giant Tesco is in talks to sell a GBP400m (US$638m) portfolio of properties to a newly-formed investment company, according to reports.
The company, to be called Index Linked Properties, is seeking to take advantage of the opportunities of the recent falls in the value of UK commercial property, the Financial Times reported yesterday (28 September).
It aims to acquire real estate assets at a low point in the cycle with leases that are linked to the retail prices index or that have other guaranteed uplift rent review mechanisms to provide greater certainty on future rental returns.
Tesco refused to comment when contacted by just-food today.
Fairtrade is growing in profile in the UK and the supermarkets have been keen to get on board for the past few years, highlighting their growing Fairtrade offering, introducing additional promotions a...
Ocado has been rapped by UK regulators over a national press and email advertising campaign that claimed the online retailer matched Tesco's prices....
Tesco has shrugged off the media reports that its "secret chain" of One Stop convenience stores charges consumers more for products "by stealth"....
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Comment: Meal kits in US - don't believe the hype
- General Mills sales woes continue - analysis
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Brazil giants JBS, BRF probed over alleged bribery